Feature · 13 November 2026
Taiwan's Nvidia supply chain faces a test after Huang
Taiwan-headquartered customers supplied 28% of Nvidia's revenue last quarter, and its suppliers now wait to see whether the chief executive's exit changes how far ahead the company commits.
Nvidia's board says its operations will carry on without interruption. In Taiwan, where the company's chips are turned into servers, the numbers are easy to count. Customers headquartered there bought US$27.0bn of Nvidia's products in the latest quarter, up from US$8.9bn a year earlier. That was 28% of the group's US$96.2bn in revenue, according to Nvidia's quarterly filing. 2
The board's promise came on 12 November 2026, when Jensen Huang resigned as chief executive and director, effective immediately. Chief financial officer Colette Kress became interim CEO, and Harvey Jones took the new post of board chair. "We expect the company's operations, customer commitments and product roadmap to continue without interruption," Jones said. The board will weigh internal and external candidates for a permanent successor and set no timeline. Nvidia's statement gave no reason; Reuters had reported that the board was weighing Huang's future after media reports about his personal relationships. 14
Taiwan's role is mostly that of builder rather than end buyer. In its annual report, Nvidia estimated that 76% of data-centre revenue from Taiwan-headquartered customers in fiscal year 2026 was attributed to end customers in the United States and Europe. The filing names Hon Hai and Wistron as contract manufacturers and TSMC as a wafer foundry. 3
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Their latest sales show no pause. In October 2026, Hon Hai reported revenue of NT$1.31tn, up 45.7% on a year earlier, and Wistron reported NT$402.6bn, up 117.6%. Quanta posted NT$353.3bn, up 104.0%, and Wiwynn NT$165.1bn, up 80.9%. Together the four server makers booked NT$2.23tn, up 65.5%. TSMC's revenue reached NT$586.9bn, up 59.7%. Over the first ten months of the year, Wistron's sales are up 99.5% and Quanta's +99.9%.
The open question is the longer term. Armina Rosenberg of Minotaur Capital, which holds Nvidia shares, told Reuters that the chips Nvidia will ship over the next year or two are already designed and in production. An executive at a Taiwanese supplier, whom Reuters did not name, was more cautious: "We will support whatever capacity Nvidia needs, but the new CEO may not be as aggressive as Jensen." The executive feared that the company's own expansion could slow if a successor were less quick to tie up manufacturing capacity. Huang had said in May that Nvidia planned to invest about US$150 billion a year in Taiwan. Kuo Ming-chi, an analyst at TF International Securities, said Huang could turn what his engineers believed possible into products the whole company committed to, which is why suppliers could see orders so far ahead. 4
The first test is close. Nvidia will report third-quarter fiscal 2027 results on Tuesday, 17 November, as previously scheduled, with an earnings call at 2 p.m. PT. The board has given no date for naming a permanent chief executive. Taiwan's server makers and TSMC will publish their November revenue in December. 1
Sources: 1. NVIDIA announces CEO transition (Nvidia press release filed with the SEC, 12 Nov 2026) · 2. Nvidia quarterly report (10-Q) for the quarter ended 26 July 2026 · 3. Nvidia annual report (10-K) for the year ended 25 January 2026 · 4. Nvidia's Asian partners and suppliers prepare for life after Jensen Huang (Reuters via Taipei Times,
